forex gap trading ea

price is lower than the previous close it will buy. T/SL, min Gap Size, magic Number, i plan to set this up on Friday on all pairs and go for a small TP with a SL around 3 times the TP (I read on a forum that this was the best ratio) so maybe 15pip. ( Picture2 ) Magic Number Feature Every Forex pair at the initialization of Gap Trader expert advisor should be given a unique non zero integer forex balikbayan houston magic number value by the user. Settings, interval TP Close - the interval from the last Friday candle to TP level (in points). From now on this price difference will be called gap. It works on backtests Alpari 5 digits Sorry Ignore that I have it on fxdd which is 4 digit, too many different accounts running «Last Edit: July 03, 2010, 10:07:12 AM by jamesfrance». Gap Trader expert advisor. And its default value set.

forex gap trading ea



forex gap trading ea

DI, gAP, strategy: The strategy is based on restoring the price after the weekends.
Settings Interval TP Close - the interval from the last Friday.
I did use another.

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There is a minimum gap size which I will set to 20 pips disclaimer:Use at own risk,use on demo account,I don't know any more about this EA so test it first. The strategy is based on restoring the price after the weekends. Default value set. Trailing Stop Loss function using the magic number feature to separate between any previous opened non-gap-trading positions and gap-trading ones, with the first being unaffected by the use. The Trailing Stop Loss distance from the current price is set to a user defined level expressed in pips, with the default level set to 39 pips. This number is essential to the function of the expert advisor as it is used on the one hand to distinguish between any non-gap-trading positions that are already open and the gap-trading positions and on the other hand between gap-trading positions on different Forex pairs. I did however set some manual trades on the following pairs after the market opened (demo) and they all closed in profit after 2 hours so maybe a blanket approach with low TP and SL would work I only placed trades on the pairs which. Start Minute - the number of minutes, after which an order should be opened. Latest Version can be found, hERE, «last Edit: July 26, 2010, 03:29:07 AM by richdad711» richdad711 backtesting is currently on progress for this one. Percentage of risk - risk percentage during the automatic lot detection. Gap Trader can be used simultaneously in as many currency pairs as the user wants.

Kurslücken entstehen meist bei der Wiederaufnahme des Handels nach einer Pause wie dem Wochenende aufgrund von unvorhersehbaren Ereignissen, die zu einer Neubewertung führen. Should the price move more to your favor it trails the stop loss level upwards for a long position or downwards for a short position maximizing your potential profits.

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